Gold prices mostly edged higher during the week as the dollar weakened following negative US economic data. The labour data showed signs of a slowdown in the jobs market, which prompted speculation of further interest rate hikes. However, the US inflation print released later in the week indicated a moderation in inflation pressures, providing optimism that the Federal Reserve’s rate-hiking campaign may be nearing an end. The recent data also led to a plunge in the dollar index and a decrease in US 10-year treasury yields. While a rate hike in July is still expected, a September hike looks less likely. The focus for the coming week will be on US retail sales and housing sector data.